Reverse mortgage vs HELOC: Deciding the best way to access the equity in your home
A growing number of homeowners—particularly in Canada’s urban centres—are finding themselves in the unexpected situation of being millionaires, at least on paper. In the City of Toronto and Greater Vancouver Area, for example, the average price of a detached home rang in at $1.51 million and $1.49 million, respectively, this August.
Original Article Source Credits: Money Sense , https://www.moneysense.ca/
Article Written By: TAMAR SATOV
Original Article Posted on: OCTOBER 26, 2020
Link to Original Article: https://www.moneysense.ca/save/reverse-mortgage-vs-heloc/